黑色金属日报-20250617

Report Industry Investment Ratings - Thread: ★★★, indicating a clearer long trend and a relatively appropriate investment opportunity currently [1] - Hot Roll: ☆☆☆, representing a short - term multi/empty trend in a relatively balanced state with poor operability on the current disk [1] - Iron Ore: ★★★, suggesting a clearer long trend and a relatively appropriate investment opportunity currently [1] - Coke: ☆☆☆, meaning a short - term multi/empty trend in a relatively balanced state with poor operability on the current disk [1] - Coking Coal: ☆☆☆, indicating a short - term multi/empty trend in a relatively balanced state with poor operability on the current disk [1] - Silicon Manganese: ☆☆☆, representing a short - term multi/empty trend in a relatively balanced state with poor operability on the current disk [1] - Silicon Iron: ★★★, suggesting a clearer long trend and a relatively appropriate investment opportunity currently [1] Core Viewpoints - The overall market is in a state of shock, with weak domestic demand, and the market is cautious. The future trend depends on terminal demand and relevant domestic and foreign policies [2][3] Summary by Related Catalogs Steel - The steel market is in a short - term shock. The demand for thread and hot roll is weak, and the negative feedback expectation of iron water production is fermenting. The overall domestic demand is weak, and the market sentiment is cautious [2] Iron Ore - The iron ore market is expected to oscillate. The supply pressure is increasing, the terminal demand is weak in the off - season, and the market uncertainty is strong due to policy expectations and geopolitical risks [3] Coke - The coke price oscillates downward. The iron water production decreases slightly, the overall supply is abundant, and the price rebound space is limited under inventory pressure [4] Coking Coal - The coking coal price oscillates downward. The coal mine output decreases slightly, the supply is abundant, and the price rebound space is limited under inventory pressure [5] Silicon Manganese - The silicon manganese price oscillates downward. The inventory level decreases due to previous production cuts, but the supply pressure increases, and the price is under pressure [6] Silicon Iron - The silicon iron price oscillates. The supply decreases, the demand is fair, and there is a certain possibility of inventory reduction [7]